Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.021%

Price spread now: Nado against KuCoin−0.031%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.031%, 7d avg +0.015%

Together, before fees+0.478%+ Points / potential airdropNado: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.153	0.0100	pay 0.0100% / 8h	5h 09m	$15.8M	$21.8M	75x
Short	Nado AVAX-PERP	11.149	−0.0069	pay 0.0009% / 1h	9m 19s	$287K	$397K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$35.49
Price spread: −0.031% → +0.015%: −$4.6
Slippage, 4 orders: −$29.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.51
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Nado: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 9 min ago	0.45 bp	17.0 bp −$17	33.5 bp −$335	doesn't fit	doesn't fit
Sell Nado live order book, 54 min ago	1.79 bp	8.9 bp −$9	16.7 bp −$167	doesn't fit	doesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1374%	1h	11.120	−0.296%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.144	−0.081%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERPshort	−0.0069%	1h	11.149	−0.031%	$287K	$397K	10x
dYdX AVAX-USD	0.0000%	1h	11.152	−0.013%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	−0.025%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.149	−0.038%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.146	−0.063%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.150	−0.027%	$16K	$565K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.148	−0.047%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.154	+0.008%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.155	+0.016%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.147	−0.054%	$119.4M	$430.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.148	−0.045%	$88.5M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	−0.036%	$20.4M	$117.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.149	−0.036%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.148	−0.045%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.153	long leg	$15.8M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.146	−0.063%	$33.5M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.149	−0.036%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	+0.081%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.144	−0.078%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.152	−0.005%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.178	+0.224%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.027%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.154	+0.009%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.177	+0.217%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.147	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.139	−0.122%	$365K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.036%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.143	−0.089%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.138	−0.134%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.126%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.159	+0.054%	$895K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.073%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	−0.026%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.166	+0.117%	$43.6M	$42.4M	10x	as long as short